The Rising Influence of Rising Affluence

[biotech_researcher]

Dew, who should we believe, the Vale CEO or Goldman?

"Supply growth will overtake demand growth this year for the first time in a long time,” said Christian Lelong, a Sydney-based commodity analyst with Goldman Sachs Group Inc., which predicts prices to average $108 this year and slide to $80 in 2015. “You will start to see some signs of surplus probably during the course of the second quarter.”

Classic supply-demand. More capacity has to come out of the world before this stops.